Thursday, November 17, 2011
Cutting Through the Bullshit 1
1) I'm against protectionism NOT because I'm a corporatist. I'm against protectionism because I think that it's bad for the country, bad for the consumer, and bad for the countries whose economies we would possibly be wrecking (never mind the fact that China is one of our possible targets and those folks just happen to be one of our bankers).............2) I'm in favor of eliminating the corporate income tax (on this one, I full agree with Robert Reich) NOT because I'm a corporatist. I'm in favor of eliminating the corporate income tax because I think that it's a clumsy and obfuscatory policy that often hurts middle class people on pensions and whole life policies as much as it does the wealthy. I would MUCH prefer to raise the taxes on upper income individuals and eliminate it on capital.............3) I have never, ever, EVER, said that the rich pay too much in taxes. EVER! IN FACT, folks, under the proposal that I've been putting forth, the rich in this country would pay significantly MORE than they currently do. YES, I DO have a problem with the 60-70-80% rates that the progressives are constantly throwing around lately. But I don't oppose them because I'm a corporatist. I oppose them because I think that they're a) immoral/confiscatory and b) counterproductive (for crying out loud, even John Maynard Keynes once said that there was a point of diminishing returns).............4) As for this 37927 character, yeah, I kind of know who the fellow is. He's this hard-core paranoiac partisan freak who I used to encounter over at Lydia Cornell's blog....THREE, FOUR, YEARS AGO!!!...Let's just say that dude is obviously still harboring.